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Why should the withdrawal permission be disabled when creating API Key?

Cryptohopper does not need withdrawal permissions. Keep this setting disabled to protect your funds from unauthorized transfers.

Written by Pete Darby
Updated this week

Cryptohopper does not need withdrawal permissions. Always keep the withdrawal permission of your API keys disabled.

Why this matters

Your API key gives Cryptohopper access to your exchange account for trading. If withdrawal permissions are enabled and your API key is ever compromised, someone could transfer your funds out of your exchange. By keeping withdrawal disabled, your funds always stay safely on your exchange — even in a worst-case scenario.

How to check

Each exchange has different API key settings. When creating or editing your API key, make sure the withdrawal or transfer option is turned off. Check our exchange-specific tutorials for step-by-step instructions: How to connect to your crypto exchange.

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